Amid exacerbation of the dire economic situation in Egypt, the Senate deputy speaker demands collection of a percentage of the income of Egyptians working abroad for the benefit of the state. Deputy of the Egyptian [ More … ]
Egypt’s economy has come under severe pressure over the past year, with the Egyptian pound tumbling, foreign currency drying up, and inflation soaring, reported Reuters. The national currency lost nearly half its value in less [ More … ]
Sewage pipe in Egypt bursts after COP27 attendees complain about lack of basic necessities. First there was no water. Then there was too much of the wrong kind. Participants of this year’s U.N. climate conference [ More … ]
The global crises, including the Covid-19 pandemic and the Russian war on Ukraine have magnified the fragility of the country’s state-driven economic model and forced it to take out new multilateral loans “When Egypt was [ More … ]
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